Edelwiss Tokio Life –Single Pay Endowment Assurance Plan

A single pay premium plan for wealth enhancement. Pay premium just once for the policy term & receive a comprehensive cover at maturity.

Key Features

  • Get guaranteed amount on Maturity.
  • Avail comprehensive life insurance cover ranging between 1.25 times to 10 times of single premium.
  • Loan facility is available to meet unforeseen needs.
  • Option to make your cover more comprehensive through riders.

Benefits

  • Maturity Benefit:
Sum Assured on Maturity will be payableat the end of policy term on survival of the Life Insured.
  • Tax Benefit
The Premium(s) paid by you are eligible for tax benefit available under the provisions of Section(s) 80C, 80 CCC (1), 80D, 10(10D) as applicable.
  • Death Benefit
Sum Assured on Death will be payable Sum Assured on Death is higher of:
i. 125% of the Single Premium#, OR
ii. Guaranteed Sum Assured on Maturity, OR
iii. Any absolute amount assured to be paid on death Guaranteed Sum Assured on Maturity is the Sum Assured on Maturity.
You can choose between the following two (2) death benefit options:
Option A: The absolute amount payable on death as per (iii) above is equal to 10 times the single premium
Option B: The absolute amount payable on death as per (iii) above is equal to Sum Assured on Maturity.

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 3 years 70 years
AGE OF MATURITY 18 years 80 years
SUM ASSURED(On Death) Option A:Rs.4,00,000
Option B: Rs.50,000
No Limit
POLICY TERM 10/15 Years
PREMIUM PAYMENT TERM Single Pay
PAYMENT MODES Single Payment

Riders

  • Edelweiss Tokio Life – Accidental Death Benefit Rider (UIN: 147B002V02)
  • Edelweiss Tokio Life – Accidental Total and Permanent Disability Rider (UIN: 147B001V02)
  • Edelweiss Tokio Life – Term Rider (UIN: 147B004V02)
  • Edelweiss Tokio Life – Critical Illness Rider (UIN: 147B005V02)
  • Edelweiss Tokio Life – Income Benefit Rider (UIN: 147B015V01)

What if?

I am unable to pay the premium

  • Grace period is of 30 days. The policy will remain in force during the grace period.If any premium remains unpaid at the end of the grace period, the policy shall lapse.

I stop the payment

  • On the completion of the grace period the policy will get lapsed and the benefits cannot be claimed on the death of the life insured.

I want to take a loan

  • Loan options are available for this policy